A & B engaged in a partnership with a 40% and 60% profit sharing. Now they are decided to change profit sharing to 25% and 75%.
is it necessary to execute a new deed?
or is it possible to adopt this change by preparing an amendment deed?
Sudiesh (Audit Assistant) (527 Points)
04 July 2018A & B engaged in a partnership with a 40% and 60% profit sharing. Now they are decided to change profit sharing to 25% and 75%.
is it necessary to execute a new deed?
or is it possible to adopt this change by preparing an amendment deed?